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This is not DeFi. This is CeFi that caters to crypto. The major DeFi apps have had no problems this cycle.

So perhaps not surprisingly, Uniswap - which is a preeminent DeFi app - now has deeper liquidity on many important trading pairs than the largest CEXes:

https://uniswap.org/blog/uniswap-v3-dominance



Lol, yes on spot, but no one trades spot! The sweet leverage lays within the future market.




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